Acquisition of The Flats at West Village

Deal value: $51,000,000

Acquisition of a 240-unit affordable housing property in Dallas, TX, targeting workforce renters and leveraging LIHTC incentives.

The core motivation is to capitalize on expanded Low-Income Housing Tax Credit (LIHTC) incentives and address the acute shortage of affordable workforce housing in Dallas. The investment targets stable, income-restricted rental demand, leveraging recent federal policy changes that increase credit availability and reduce financing barriers. The belief is that demographic and policy tailwinds will drive both social impact and attractive, risk-adjusted returns for institutional capital.